Colabor Group (TSE:GCL) Trading Down 14.3% – Should You Sell?

Colabor Group Inc. (TSE:GCL)’s share price was down 14.3% during mid-day trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 529,641 shares changed hands during mid-day trading, an increase of 160% from the average daily volume of 203,814 shares. The stock had previously closed at C$0.04.

Wall Street Analyst Weigh In

GCL has been the topic of a number of research analyst reports. Desjardins dropped their target price on shares of Colabor Group from C$1.50 to C$0.50 and set a “buy” rating on the stock in a research note on Monday, October 20th. Raymond James Financial raised Colabor Group to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Colabor Group has a consensus rating of “Moderate Buy” and a consensus price target of C$1.00.

Colabor Group Trading Down 14.3%

The company has a market capitalization of C$3.06 million, a PE ratio of -0.04, a price-to-earnings-growth ratio of 0.61 and a beta of -0.32. The company has a debt-to-equity ratio of 153.61, a current ratio of 1.62 and a quick ratio of 0.76. The company’s fifty day moving average is C$0.26 and its 200-day moving average is C$0.60.

Colabor Group (TSE:GCL) last posted its earnings results on Friday, October 17th. The company reported C($0.73) earnings per share for the quarter. Colabor Group had a return on equity of 0.83% and a net margin of 0.14%.The company had revenue of C$212.47 million for the quarter. On average, analysts anticipate that Colabor Group Inc. will post 0.0199693 EPS for the current fiscal year.

About Colabor Group

Colabor Group Inc is a wholesaler and distributor of food and related products in Canada. The company operates in two segments Distribution and Wholesale segment. Its Distribution segment operations include the distribution of food products and related products in hotels, restaurants and institutions (HRI) and retail market.